"According to CNBC, Wood, whose flagship ARK Innovation ETF (NYSEARCA:ARKK) holds a major position in TSLA and has had stakes in Twitter in the past, told at the Web Summit in Lisbon on Wednesday that 'he’s thinking about a super app like WeChat Pay.'"
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Cathie Wood is pretty much wrong about everything. There's even a fund that does the opposite of what she does. Not sure why her comments get reported.
He is definitely dreaming of making it like WeChat Pay. In the end, that goal is really the only justification for paying so much for Twitter (even if it was an afterthought for him, trying to justify such a d-mb decision to himself, to begin with).
Had an interview with the bird just before the $hit hit the fan. At this point, those that have real expertise in payments to scale T to a universal payment platform, you're who he's interested in. Give it a shot!
According to her Bitcoin is going to $5MIL. She is delusional. Maybe God will deliver the sacred source code.
So he's to have self driving ride hailing like Wechat using their advanced robotaxi Tesla service that came out in 2020 lol. He's pretty much coming up with random stuff and trying to see what sticks. There's nothing stopping Google or Apple who actually own an ecosystem from the silicon to OS from making a superapp as well if there is demand for it.
Everything will be just fine with Elon in charge, if not entertaining... but, I don't put much stock (pun intended) in Cathy Wood's picks.
If you bought her 'ARKK" fund one year ago, you would be down 70%.
I will hand it to her though, her team is doing a great job marketing the he-l out of her... she has been made into a legend on financial talking head shows... with arguably, the worst record of tech investing on the planet.
Cathie who? Elon who?